The "Damu" Fund and Akimat of South Kazakhstan region have signed a Memorandum for a total amount of 2 billion tenge during the OntustikInvest Forum, which was held in Shymkent city. At present, the entrepreneurs of the region are able to obtain a bank loan at 8.5% for investments and replenishment of current assets. Altogether, there are Agreements for $ 2.5 billion were signed during the forum.
The "Damu" Fund have supported 1082 projects for 215 billion tenge through program of Industrial and Innovative Development in the form of grants, guarantees or concessional lending. Since 2010, the number of projects on interest rate subsidy signed by the South Kazakhstan branch of the "Damu" Fund constitute to 526 for a total amount of about 160 billion tenge. The region placed first among the regions in terms of the issued amount of loan within the interest rate subsidy program.
South Kazakhstan branch has signed 100 contracts on loan guarantee for a total amount of 4.2 billion tenge.
There are 108 projects have been supported for a total amount of 34.5 billion tenge in the South Kazakhstan region within the allocated funds from the National Fund of the Republic of Kazakhstan under preferential 6% per annum. As part of the disbursement of the National Fund the South-Kazakhstan region showed the second result among the regions in terms of the amount of loans.